Lawyer Michael Smith was recently interviewed by Lexpert for the article “New venture capital fund aims to fill a gap.”

The article focuses on the creation of the Canadian Business Growth Fund (CBGF), which will invest up to $1 billion in equity in Canadian small and medium-sized enterprises (SMEs) over the next decade.

“There is a gap in the funding life cycle in our country between the venture capital stage and the IPO stage,” says Mr. Smith, a lawyer licensed in Canada and New York who works out of Dickinson Wright’s Toronto and Washington, D.C. offices. “What’s missing is what a lot of people call growth capital – a gap that’s also called ‘the Valley of Death’ – and that’s what the CBGF is aimed at.”